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Investment Market Update

19 October 2017

World markets

FTSE 100 0.4% 7542.87
FTSE 250 0.6% 20259.77
Euro Stoxx 600 0.3% 391.56
S&P 500 0.1% 2561.26
Nikkei 0.4% 21449.08
Hang Seng (HK$) -0.2% 28661.36


Asian stocks were mixed as investors kept an eye on the Communist Party Congress in Beijing. Hong Kong's Hang Seng closed lower with Japan's Nikkei edging higher.


US stocks rose on expectations of strong company profits and hopes that President Donald Trump will win backing for his tax cut plan.  IBM added 8% after reporting third quarter earnings that beat analysts expectations.


UK stocks closed the session stronger. Education publisher Pearson continued to rise on Wednesday closing 3% higher, as investors took heart from its latest trading statement.  However Sainsbury's was among the fallers, following its announcement it was cutting 2,000 jobs. The supermarket chain's share price shed 1% in reaction to the news.


  • UK Prime Minister Theresa May will demand that the European Union move Brexit talks on to trade in a face-to-face showdown with leaders over dinner, even as EU officials see a breakthrough as all but impossible.
  • Robust factory output and consumer spending kept China’s economy humming in the third quarter, giving President Xi Jinping a firm footing to rein in excess capacity, curb pollution and shift to a more sustainable growth path.

Market data

UK (£)
FTSE 1007,542.870.4%5.6%14.4%
FTSE 25020,259.770.6%12.1%3.7%
FTSE All Share4,140.610.4%6.9%12.5%
FTSE Small Cap5,834.430.1%13.4%11.0%
St. James's Place1,164.000.6%18.7%3.9%
Europe (€)
Euro Stoxx 600391.560.3%8.3%-1.2%
DAX 3013,043.030.4%13.6%7.0%
CAC 405,383.810.4%10.7%4.9%
US (US$)
S&P 5002,561.260.1%14.4%9.5%
Dow Jones Ind23,157.600.7%17.2%13.4%
Hang Seng28,661.36-0.2%30.3%0.4%
Nikkei 22521,449.080.4%12.2%1.8%
Australia 2005,896.100.1%4.1%7.0%
MSCI AC Asia Pacific167.29-0.1%23.9%2.3%
World (US$)
MSCI World (Developed)2,030.440.2%15.9%5.3%
MSCI AC World (Dev & Em)495.660.1%17.5%5.6%
MSCI Emerging Markets1,126.900.1%30.7%8.6%
MSCI AC World Value217.860.2%12.1%9.5%
MSCI AC World Growth265.760.1%23.2%1.8%
Fixed Income
FTSE Gilts All Stocks3,537.06-0.3%0.4%8.5%
FTSE Index Linked All Stocks638.48-1.2%0.3%21.2%
ML Sterling Corporate Bonds395.06-0.2%3.6%10.7%
ML Global High Yield Bonds376.110.1%9.8%15.0%
Commodities (US$)
Brent Crude Oil58.150.5%-1.0%23.4%
UK Sectors
Basic Materials5,953.70-1.3%17.9%93.9%
Consumer Goods and Services22,316.860.4%13.4%9.6%
Health Care9,981.670.0%1.1%5.8%
Oil & Gas8,428.610.2%-1.4%54.2%
$ per £1.32-0.1%6.8%-16.3%
€ per £1.120.3%-4.4%-15.7%
¥ per £147.98-0.6%2.4%-22.7%
VIX Index (Volatility)10.07-2.3%-28.3%-22.9%
Baltic Dry Index1,566.000.9%63.0%101.1%
UK Rates
BoE Base Rate0.25%
LIBOR (3 months)0.38%
Consumer Price Index3.00%
Retail Price Index3.90%
Yields / Ratios
FTSE 100 Adj P/E22.40
FTSE All Share Adj P/E21.66
FTSE All Share Yld3.76%
15yr Gilt Yield1.64%
10yr Gilt Yield1.31%
10yr US Tres Yield2.35%

Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.

Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.


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